Cryptocurrencies made a strong comeback in the middle of the week, after posting 2018 lows a few days prior. Investors began dumping digital currencies after Bitcoin Cash miners decided to split the chain in two. After the hard fork, an all-out hash war began, and investors weren’t pleased. Investors began buying back digital currencies when various crypto-positive news announcements were made earlier this week. Most coins have since corrected from their gains, but Litecoin (LTC), TRON (TRX), and ZCash (ZEC) are still in the green for the week.
Let’s take a closer look at these coins and their latest updates.
At press time, most top 20 cryptocurrencies are trading red. LTC is currently trading at $32.07 a coin, down -6.05% in 24 hours. For the week, however, the seventh largest digital currency is up by 0.16%. While this may not seem like a lot, most top digital currencies are seeing losses this week near the double-digit percentages.
The Litecoin Foundation and Charlie Lee, its founder, haven’t announced any big changes to the Litecoin network recently. Lee did weigh in on the BCH hash war though.
The ABC vs SV fork is a good real world test of the Nakamoto Consensus. Though not perfect because if BCH dies, miners can go back to mining BTC. What happens when there’s an ideological entity that has the means to 51% attack a competing fork? We will find out tomorrow! 🍿 https://t.co/HdX4sa9059
— Charlie Lee [LTC⚡] (@SatoshiLite) November 14, 2018
TRON, the world’s 12th largest cryptocurrency, is up 4.98% this week. At press time, TRX is trading at $0.0142 a coin, down -9.72% in 24 hours. The blockchain project is known for juggling many different plates when it comes to the development of their project. Early this morning, the TRON team released its weekly dApp report.
Check out the #TRON Dapp Weekly Report 11.24-11.30. #TRX $TRX https://t.co/VHqXWjlZa7
— TRON Foundation (@Tronfoundation) November 30, 2018
In addition to this, earlier last week Justin Sun, TRON’s founder, announced that TRON had reached nearly 2 million Txs per day.
New record 1,841,055 Txs per day! Will break 2 million very soon! #TRON #TRX $TRX pic.twitter.com/o5oITNRYAE
— Justin Sun (@justinsuntron) November 24, 2018
That’s definitely something worth celebrating.
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The world’s 19th largest cryptocurrency was just added to a major US exchange. While it is currently trading it the red, the digital currency is up 4.22% for the week. At press time, ZEC is trading at $79.38 a coin, down -1.98%, in 24 hours.
ZEC is launching on Coinbase Pro. Starting at 10am PT, customers can transfer ZEC into their Coinbase Pro account. Traders can deposit ZEC, but cannot place or fill orders. Order books will remain in transfer-only mode for at least 12 hours. https://t.co/5nADybxqKk
— Coinbase Pro (@CoinbasePro) November 29, 2018
Major US exchange Coinbase Pro has officially added the privacy-focused digital currency to its trading platform. It remains unknown at this time why ZEC was chosen over other top digital currencies, but its rise this week no doubt has mostly to do with this announcement.
What do you think about Litecoin (LTC), TRON (TRX), and ZCash (ZEC) this week?
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